J&P China Capital Management CO. Ltd. Takes $53.81 Million Position in Baidu, Inc. (BIDU)

J&P China Capital Management CO. Ltd. bought a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 217,242 shares of the information services provider’s stock, valued at approximately $53,809,000. Baidu makes up about 9.2% of J&P China Capital Management CO. Ltd.’s portfolio, making the stock its 4th biggest position. J&P China Capital Management CO. Ltd. owned approximately 0.06% of Baidu at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Financial Mangement LLC bought a new stake in Baidu during the 3rd quarter valued at $272,000. Newport Asia LLC boosted its position in Baidu by 1.2% during the 3rd quarter. Newport Asia LLC now owns 472,500 shares of the information services provider’s stock valued at $117,033,000 after acquiring an additional 5,700 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its position in Baidu by 48.9% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 12,935 shares of the information services provider’s stock valued at $3,204,000 after acquiring an additional 4,248 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in Baidu during the 3rd quarter valued at $762,000. Finally, Essex Investment Management Co. LLC bought a new stake in Baidu during the 3rd quarter valued at $1,240,000. 64.27% of the stock is currently owned by institutional investors and hedge funds.

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BIDU has been the topic of several recent research reports. TheStreet raised Baidu from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Nomura raised Baidu from a “neutral” rating to a “buy” rating and set a $241.00 target price on the stock in a research report on Monday, July 31st. HSBC Holdings plc reaffirmed a “buy” rating and set a $245.00 target price (up previously from $223.00) on shares of Baidu in a research report on Tuesday, August 1st. Vetr raised Baidu from a “sell” rating to a “buy” rating and set a $244.58 target price on the stock in a research report on Monday, July 31st. Finally, Instinet raised Baidu from a “neutral” rating to a “buy” rating and increased their target price for the company from $180.00 to $241.00 in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $234.70.

Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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